A group of US senators, including Elizabeth Warren and Bernie Sanders, have sent a letter to the Department of Justice urging an investigation of the role RealPage's Yieldstar algorithm plays in setting rents.
In a letter to Assistant Attorney General Jonathan Kantor, the senators said "institutional investors and rent-setting algorithms" have been inflating housing prices, the Dallas Morning News reported.
"The rise of institutional investors and rent-setting algorithms have weakened competition in the already strained housing market, resulting in substandard services and unnecessarily high housing costs for American families," the letter stated.
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